Explain the concept of performance management and discuss its techniques.

Performance management is a crucial aspect of personnel administration that involves monitoring, evaluating, and improving employee performance to ensure alignment with organizational goals. It encompasses various processes, techniques, and tools aimed at maximizing individual and organizational effectiveness. Let's delve into the concept of performance management and discuss its key techniques.

Concept of Performance Management:

Performance management is a comprehensive approach that goes beyond just assessing an employee's job performance. It involves setting clear objectives, providing continuous feedback, identifying strengths and areas for improvement, and supporting professional development. The ultimate goal is to enhance employee productivity, motivation, and engagement while contributing to the achievement of organizational objectives.

At its core, performance management involves the following components:

1. Goal Setting: Clear and specific goals are established for each employee, aligned with the organization's strategic objectives. These _____ ______ _________ ___ _________ ___ __________.
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